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IRS, Treasury Issue Proposed Regulations on Stock Repurchase Excise Tax
April 15, 2024ArticleIRS, Treasury Issue Proposed Regulations on Stock Repurchase Excise Tax
April 15, 2024The Treasury Department and the IRS on April 9 released two sets of proposed regulations containing guidance on the application and reporting of the corporate excise tax on stock repurchases by some publicly traded corporations. The 1% excise tax, introduced by the Inflation Reduction Act of 2022, generally applies to stock repurchases made after December 31, 2022.
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